India Export Decline Eases, Manufacturing Rises as Global Economy Recovers India’s exports declined the least this year and manufacturing output increased for a sixth month, adding to signs that Asia’s third-biggest economy is on course to recover from the global recession.
MTN, Bharti May Seek to Cross Regulatory Hurdles, Salvage $23 Billion Deal MTN Group Ltd., Africa’s biggest wireless operator, and India’s Bharti Airtel Ltd. may seek to resolve regulatory hurdles and restart talks after scrapping a proposed $23 billion merger yesterday.
Sensitive Index Rises; Bharti Gains After MTN Deal Fails, Maruti Declines India’s benchmark stock index rose to a 16-month high, led by Bharti Airtel Ltd. after it called off merger talks with South Africa’s MTN Group Ltd.
Wholesale Prices Gain in India for Third Week on Food, Farm Product Costs India’s wholesale prices rose for a third straight week as the weakest monsoon rains in more than three decades pushed up costs of fruit, vegetables and other farm products.
Share Sales in India Rise to Five-Year High as Markets Gain, Demand Return Indian companies tapped investors for the most funds since at least 2004 in the third quarter as they take advantage of the biggest stock market rally since 1991.
Top India Court Dismisses NTPC's Challenge to Reliance Gas Price Amendment India’s Supreme Court today dismissed a petition by state-run utility NTPC Ltd. challenging a Bombay High Court ruling that allowed Reliance Industries Ltd. to alter its stand on gas prices.
Iron Ore Exports Increase Because of Higher Demand From China Steelmakers India’s iron-ore exports rose 1.7 percent in the April to August period because of higher demand from steelmakers in China, the biggest buyer of the raw material, an Indian mineral industry group said.
Rupee Rises to Highest in 8 Weeks as Foreign Investment in Shares Climb India’s rupee rose, adding to its first monthly gain since May, after foreign investors increased holdings of the nation’s shares to a record.
Stocks in U.S. Decline as Manufacturing, Jobless Data Fuel Growth Concerns U.S. stocks tumbled as a gauge of manufacturing unexpectedly dropped and jobless claims increased more than forecast, adding to concern the seven-month rally in equities has outpaced prospects for an economic recovery.
U.S. Manufacturing Expands at Slower Pace Than Estimated, ISM Index Shows U.S. manufacturing expanded last month at a slower pace than anticipated by economists, a report from the Institute for Supply Management showed.
Lewis Resigns After Betting Bank of America on America When America Broke Kenneth D. Lewis bet Bank of America Corp.’s future on America at a time when America went bust.
U.S. Consumer Spending Jumps the Most Since '01 in Sign Economy Rebounding Spending by U.S. consumers climbed in August by the most since 2001, indicating the biggest part of the economy is starting to rebound from its worst slump in almost three decades.
Comcast Said to Discuss NBC Universal Stake Purchase With General Electric Comcast Corp., the largest U.S. cable network, is in talks with General Electric Co. to buy a stake in NBC Universal Inc., said three people with knowledge of the discussions.
RBS, Lloyds Send `Shocking' $4.5 Billion to Plug Irish Real-Estate Losses Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc, rescued by British taxpayers last year, injected 3.03 billion euros ($4.4 billion) into their Irish units during the past 10 months amid rising real estate losses.
Bharti, MTN May Seek to Cross Regulatory Hurdles, Salvage $23 Billion Deal MTN Group Ltd., Africa’s biggest wireless operator, and India’s Bharti Airtel Ltd. may seek to resolve regulatory hurdles and restart talks after scrapping a proposed $23 billion merger yesterday.
source: Bloomberg
